"I am half Scottish and half German. Perhaps this background predisposes me to financial conservatism. But I also come from a generation of women who were perhaps the first to be fully aware that they might have to make all their own financial arrangements. My mother urged me to start a pension plan for my self-employed earnings which I did some 15 years ago.
"At present I pay pounds 50 a month and I am satisfied by how it's gone up in value. I am also a member of the scheme for university staff. This has the benefit of paying a fixed percentage of my final earnings when I reach retirement. Right now, I am reviewing my contribution levels to both these types of pension.
"Recently, I inherited a small sum which I may well use to top these up. As I'm still single, I feel that this pension provision will give some real protection in old age. Saving money this way may seem dull, but I plan on being around to enjoy it when I need it."Reuse content